Only $200,000 per unit offer in Miami Only $200,000 per unit off
501 Perry Pkwy, Gaithersburg, MD 20877
For saleWashington-Arlington-Alexandria, DC-VA-MD-WV
Washington-Arlington-Alexandria, a vibrant metropolitan area, is situated at the confluence of the Potomac River and the nation’s capital. Known for its rich history, iconic landmarks, and cultural diversity, it offers a unique blend of urban sophistication and suburban charm. This bustling region is home to countless museums, government institutions, and a thriving arts scene, making it a magnet for tourists and locals alike. Its strategic location near federal powers and premier educational institutions further enhances its appeal, drawing a diverse population that thrives in this dynamic environment.
Recreational Delights
With an array of parks, trails, and waterfronts, Washington-Arlington-Alexandria is a paradise for outdoor enthusiasts. Notable spots include the National Mall, where visitors can stroll past iconic monuments, and Rock Creek Park, which offers trails for hiking and biking. The Potomac River provides opportunities for kayaking and paddleboarding, while the nearby Virginia shoreline features beautiful beaches such as Sandy Point State Park. For those seeking a more leisurely day, the Arlington National Cemetery invites peaceful walks among hallowed grounds. Furthermore, urban parks like the Yards Park and Waterfront Park serve as great venues for picnics, concerts, and family events. Overall, the variety of recreational options ensures everyone can enjoy nature and stay active.
Culinary Scene
The culinary landscape in Washington-Arlington-Alexandria is incredibly diverse, reflecting its multicultural populace. From Ethiopian cuisine in the bustling U Street corridor to the acclaimed seafood offerings at the Wharf, the area provides a delectable array of flavors. Neighborhoods like Georgetown and Adams Morgan are famous for their unique eateries, bars, and gourmet food markets. Food trends like food trucks and pop-up eateries are on the rise, showcasing the creativity of local chefs. Street food festivals and farmers' markets, such as Eastern Market, further enrich the food scene, enabling residents to explore local produce and artisanal goods. Additionally, the area is witnessing a surge in vegan and farm-to-table restaurants, catering to evolving tastes and dietary preferences.
Demographics
- Median household income is $126,684—about $49,950 higher than the U.S. median of $80,734—supporting strong demand for higher-end retail, multifamily, and professional services.
- Prime working-age adults (25–64) make up ~54.5% of the population (25–44: ~29.0%; 45–64: ~25.5%), underpinning sustained labor-force and household spending capacity.
- Population growth is ~0.87%/yr and household growth is ~0.97%/yr (ACS 2023–2024), consistent with ongoing household formation and demand for space.
Population
6,318,377
Growth 0.87%
Households
2,373,022
Growth 0.97%
Median Age
38
US Median Age 38.9
Median Household Income
$126,684
US Median Household Income $80,734
Radius Metrics Highlights in 3-mile radius
159,138
Total population
55%
5 year population growth projection
4,000 - 9,000
Vehicles per day on Perry Parkway
56,872
Total households
$46,260
Per capita income
| 1 Mile | 3 Miles | 5 Miles | |
|---|---|---|---|
| Total population | 19,668 | 159,138 | 298,542 |
| 5 year projected total population | 22,758 | 246,933 | 405,043 |
| Total households | 7,673 | 56,872 | 106,676 |
| Current Median Household Income | $73,309 | $104,429 | $121,165 |
| 5 year projected median household income | $92,150 | $119,316 | $140,294 |
| Current Per Capita Income | $35,785 | $46,260 | $51,945 |
| 5 year projected per capita income | $43,794 | $54,172 | $60,783 |
| Median home value | $234,569 | $394,576 | $458,515 |
Sports
Football
Washington Commanders
Basketball
Washington Wizards
Hockey
Washington Capitals
Soccer
D.C. United
Education
Georgetown University
Major private research university in Washington, DC.
George Washington University
Large urban research university with strong connections to professional industries.
Howard University
Historically Black university with significant regional influence.
Johns Hopkins University
Research-intensive institution (also a major regional employer).
Entertainment
The Kennedy Center
Performing arts center for major productions and touring performances.
The National Gallery of Art
World-class museum collection and exhibitions.
The Warner Theatre
Historic venue hosting touring concerts and live performances.
Ford's Theatre
Historic theater and cultural site.
Quality of Life
Washington-Arlington-Alexandria is widely viewed as having an exceptional quality of life, with strong economic opportunities, robust healthcare, and a broad mix of cultural amenities alongside abundant parks and educational resources.
2022 Population by age
6%
0-4 Years
19%
5-19 Years
6%
20-24 Years
29%
25-44 Years
26%
45-64 Years
14%
65+ Years
Employers
5%
Unemployment rate
Employment sectors
Professional, Scientific, and Technical Services
19.2%
Public Administration
13.86%
Health Care and Social Assistance
11.3%
Educational Services
9.67%
Retail Trade
8.05%
Construction
6.81%
Accommodation and Food Services
5.82%
Administrative and Support and Waste Management Services
4.74%
Finance and Insurance
4.21%
Transportation and Warehousing
4.01%
Manufacturing
3.28%
Information
2.59%
Real Estate and Rental and Leasing
2.3%
Arts, Entertainment, and Recreation
2.13%
Other
2.03%